Romanian Tax Exemption for Profits Reinvested in Technological Equipment Enacted
On April 25th, 2014, Romania enacted legislation to amend the country's Tax Code for a corporate tax exemption of profits reinvested in the production or acquisition of technological equipment, machines, and installations used in the production of taxable income. Qualifying assets includes those listed under subgroup 2.1 of Romania's catalogue concerning the classification and normal service life…
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